Perma-Fix Environmental Services (NASDAQ:PESI) Stock Crosses Above 200 Day Moving Average of $8.86

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.86 and traded as high as $11.66. Perma-Fix Environmental Services shares last traded at $11.64, with a volume of 41,827 shares changing hands.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. StockNews.com downgraded Perma-Fix Environmental Services from a “buy” rating to a “hold” rating in a research report on Tuesday, April 16th. TheStreet upgraded Perma-Fix Environmental Services from a “d+” rating to a “c-” rating in a research report on Thursday, February 22nd.

Perma-Fix Environmental Services Stock Up 3.4 %

The company has a 50-day moving average price of $10.07 and a 200 day moving average price of $8.86. The firm has a market capitalization of $159.12 million, a PE ratio of 388.13 and a beta of 0.51. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.18 and a quick ratio of 1.13.

Perma-Fix Environmental Services (NASDAQ:PESI) last posted its earnings results on Wednesday, March 13th. The industrial products company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The company had revenue of $22.72 million for the quarter, compared to the consensus estimate of $22.30 million. Perma-Fix Environmental Services had a return on equity of 2.38% and a net margin of 0.54%. Analysts forecast that Perma-Fix Environmental Services, Inc. will post -0.11 earnings per share for the current year.

Institutional Investors Weigh In On Perma-Fix Environmental Services

A number of hedge funds have recently made changes to their positions in PESI. Barclays PLC purchased a new stake in shares of Perma-Fix Environmental Services in the third quarter worth about $69,000. Fermata Advisors LLC purchased a new stake in shares of Perma-Fix Environmental Services in the fourth quarter worth about $90,000. Acadian Asset Management LLC purchased a new stake in Perma-Fix Environmental Services during the third quarter valued at approximately $102,000. Jump Financial LLC purchased a new stake in Perma-Fix Environmental Services during the third quarter valued at approximately $168,000. Finally, Bailard Inc. purchased a new stake in Perma-Fix Environmental Services during the fourth quarter valued at approximately $249,000. 25.52% of the stock is currently owned by hedge funds and other institutional investors.

About Perma-Fix Environmental Services

Perma-Fix Environmental Services, Inc, through its subsidiaries, operates as an environmental and technology know-how company in the United States. The company through Treatment and Services segments. The Treatment segment offers nuclear, low-level radioactive, mixed waste, hazardous and non-hazardous waste treatment, and processing and disposal services through treatment and storage facilities.